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Nonprofiteer
← ECHO SYSTEM

Form 990 for tax year 2025

Filed by ECHO SYSTEM.

Totals

Total revenue
$511,805
Total expenses
$484,761
Contributions and grants received
$498,625
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$13,180
Total assets, end of year
$165,220
Total liabilities, end of year
$8,926
Net assets or fund balances, end of year
$156,294
Program services expenses (Part IX)
$330,382
Management and general expenses
$134,186
Fundraising expenses
$20,193
Program service expenses (Part III)
$378,089

Program services were 68.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $293,875

  • 1f · All other contributions, gifts and grants

    $204,750

  • 6a · Gross rents

    real property $13,180

  • 6c · Rental income or loss

    real property $13,180

  • 6d · Net rental income or loss

    total $13,180

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $105,000 · program services $57,750 · management and general $47,250

  • 7 · Other salaries and wages

    total $196,546 · program services $185,261 · management and general $11,285

  • 10 · Payroll taxes

    total $15,126 · management and general $15,126

  • 11g · Fees: other

    total $57,017 · program services $38,510 · management and general $12,907 · fundraising $5,600

  • 12 · Advertising and promotion

    total $8,356 · program services $6,320 · fundraising $2,036

  • 13 · Office expenses

    total $3,788 · program services $2,833 · management and general $866 · fundraising $89

  • 14 · Information technology

    total $9,584 · program services $4,007 · management and general $5,577

  • 16 · Occupancy

    total $57,671 · program services $23,448 · management and general $34,223

  • 17 · Travel

    total $280 · management and general $280

  • 20 · Interest

    total $1,463 · management and general $1,463

  • 23 · Insurance

    total $1,743 · management and general $1,743

  • 24a · Other expenses: Fundraising Meals

    total $7,007 · fundraising $7,007

  • 24b · Other expenses: Program Meals

    total $6,185 · program services $5,568 · management and general $89 · fundraising $528

  • 24c · Other expenses: Fundraising Event

    total $5,766 · program services $833 · fundraising $4,933

  • 24d · Other expenses: Training & Development

    total $3,608 · program services $1,563 · management and general $2,045

  • 24e · All other expenses

    total $5,621 · program services $4,289 · management and general $1,332

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $86,727 · end of year $83,448

  • 4 · Accounts receivable

    beginning of year $27,952 · end of year $25,792

  • 10a · Land, buildings and equipment: cost or other basis

    $55,047

  • 10c · Land, buildings and equipment, net

    beginning of year $55,047 · end of year $55,047

  • 15 · Other assets

    end of year $933

  • 17 · Accounts payable and accrued expenses

    beginning of year $39,251 · end of year $4,547

  • 25 · Other liabilities

    beginning of year $1,228 · end of year $4,379

  • 31 · Retained earnings, endowment or other funds

    beginning of year $129,247 · end of year $156,294

Mission and programs · 2025

Mission

Echo System is a organization dedicated to building an inclusive entrepreneurial ecosystem for adults and teens. Operating from an Entrepreneurs Build Entrepreneurs (EBE) model, Echo runs the For Entrepreneurs, By Entrepreneurs (FEBE) movement

Activities or mission (Part I)

Transforming lives through entrepreneurship Yearround community hub programming for main street solopreneurs small growth and early stage businesses Starting at age 13 aspiring and current entrepreneurs have a space to share resources access capital and build trusted

  • The For Entrepreneurs, By Entrepreneurs (FEBE) movement is Echo System adult entrepreneur program, serving small business owners, solopreneur and aspiring entrepreneurs across the Research Triangle region. The program provides structured classes, workshops, ticketed events, pitch competitions, mentorship sessions, and access to capital through entrepreneur grants. In 2025, Echo launched a 10-week ECHO Incubator cohort featuring facilitation by experienced practitioners in marketing, storytelling and AI integration with curriculum designed across four phases from business foundation through launch readiness.

    Expenses $182,224 · Revenue $6,492

  • Echo System operates a community innovation hub in Durham, North Carolina that serves as a shared coworking and event space for entrepreneurs, nonprofits, creatives, and civic organizations. The hub provides affordable, flexible workspace with infrastructure (including technology, printing, and meeting room access) that supports small organizations and individuals who cannot access traditional commercial real estate. In addition to space rental, the hub hosts community events, workshops, and convenings that build social capital and cross-sector connections across the entrepreneurial ecosystem.

    Expenses $122,195 · Revenue $21,627

  • Echo Systems For Youth, By Youth (FYBY) Teen Program anchored by the Teens Tackle social innovation internship model is the organization signature youth-facing initiative. High school students engage in a based internship where they apply human-centered design methodology to solve real community challenges. Each cohort is co-facilitated by near-peer mentors who serve as paid Echo interns, creating a dual-path model that develops both the high school participants and the college- facilitators simultaneously.

    Expenses $73,670

As filed on the 2025 return.

Listed in Part VII

  • Anjanette Miller

    Executive Director

    Total calculated
    $105,000
    From this org
    $105,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Larry Long Jr

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Austin Lopesilvero

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Diana Abreu

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Jayden Pierrette

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Kenyeta Hall

    Secretary

    Total calculated
    $0
    Hours/week
    2
  • Judy Batista

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Melissa Carrier

    Board Chair

    Total calculated
    $0
    Hours/week
    2
  • Mitch Sava

    Vice Chair

    Total calculated
    $0
    Hours/week
    2
  • Morguen McVane

    Treasurer

    Total calculated
    $0
    Hours/week
    2
  • Quinci King

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Reed Frankel

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Sirisha Swahari

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Sonail Sanjay

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Steven McClelland

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Terrance Ruth

    Board Member

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
17 August 2026
IRS schema version
2025v4.2
Source object
202622309349300012

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